Student loan collections restart for more than 5 million borrowers in default

By CNBC   |   1 week ago
Student loan collections restart for more than 5 million borrowers in default

The U.S. Department of Education plans to resume collection on defaulted student loans, potentially impacting millions. The federal government has extensive powers to collect, affecting tax refunds, paychecks, and benefits. The outstanding federal education debt is over $1.

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